Retirement
Which individual retirement account allows tax payers up to certain income levels to withdraw earnings tax free?
What is a Roth IRA?
This type of tax credit is available for qualified educational expenses at any post secondary institution.
What is the lifetime learning tax credit?
Known as HELOC, this is an open ended agreement between the lender and a customer to borrow money, using the borrower's home as collateral.
What is a Home Equity Line of Credit?
A prolonged period of falling prices of stocks or bonds is known as this.
What is a bear market?
This word describes things like food, shelter, clothing, and healthcare.
What are needs?
A tax free reinvestment of a distribution from a 401K plan or similar retirement plan into an IRA within a 60 day period.
What is a Rollover IRA?
This is a tax credit taken for qualified education expenses at any post secondary institution during a student's first two years of school.
What is the Hope scholarship?
This can happen when a property owner doesn't make payments on time.
What is foreclosure?
A prolonged period of rising stock or bond prices is known as this.
What is a bull market?
This word describes things like designer clothes, vacations, cars, and jewelry.
What are wants?
What is a 403b plan?
What is a Coverdell Education Saving Account?
This is a loan given to purchase a home. The home is the collateral for the money until is is paid off.
What is a mortgage?
This is a stock market index based on 30 common stocks that represent the broad market.
What is the Dow Jones Industrial Average?
This is the amount of money a borrower owes a lender.
What is debt?
The recipient of assets or an estate from a will, life insurance, pension retirement, annuity or trust. When a person passes away, this person receives the benefit.
What is a beneficiary?
This state sponsored college investment plan lets you build tax deferred earnings and make tax free withdrawals as long as the money is used to pay for qualified higher education expenses.
What is a Section 529 Savings Plan?
The original amount of money borrowed, as on a mortgage.
What is the principal?
This is an amount of money a company pays to its shareholders.
What is a dividend?
This is the amount of money made available to a borrower. It is expected to be repaid, usually with interest.
What is credit?
This is a deferred compensation plan for employees of the state and federal government. You are able to withdraw money from this plan at a younger age than with other plans.
What is a 457 plan?
This is an account in which assets are held for a minor. It may be for education or for other purposes.
What is a custodial account?
This is the amount of money charged on a loan such as a mortgage.
What is the interest rate?
What is the Annual Percentage Rate?
What is the APR?
Investments that pool money from many shareholders and invest it in stocks, bond, money market securities, and other investments.
What are mutual funds?
Interest paid on previously earned interest as well as the principal loan.
What is compound interest?